Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7972 Cinncinnat St Massillon, OH 44646

    Sponsored
    For Sale
    $1,040,000

    Prime 2.34-26.6 acre industrial site. Highway frontage, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    422
    This exceptional industrial land offering presents a unique investment opportunity in Massillon, Ohio. Located at 7972 Cincinnati St, Stark County, this property boasts a flexible lot size ranging from 2.34 to 26.6 acres, priced competitively at $40,000 to $42,500 per acre. The property is zoned I-2 General Industrial, allowing for a wide range of potential uses. Benefit from significant highway exposure with nearly 1200 feet of frontage on Route 30, ensuring high visibility and accessibility. The established industrial park setting provides a strong sense of community and shared infrastructure. This location is strategically positioned amongst other successful businesses, including American Cementing, Case Farms, Ziegler Tire, and Shearer's Foods, offering a proven track record of industrial success. The asking price for this exceptional property is $1,040,000. This represents a compelling opportunity to acquire a well-situated industrial land parcel with significant development potential in a thriving Ohio market. The property's size and zoning flexibility make it ideal for a variety of industrial projects. Don't miss this chance to secure a prime location in a dynamic industrial area. The zip code is 44646.

    Property Features for 7972 Cinncinnat St

    General Information

    Property type
    Land
    Lot Size
    101,930 SF

    We can help!

    Listing Contact
    Dan Spring, Sior
    Dan Spring, Sior

    Learn more

    HighLights

    • $1,040,000 asking price for industrial land.
    • 2.34 to 26.6 acres available, I‑2 General Industrial zoning.
    • Land value: $40,000 to $42,500 per acre.
    • High‑visibility location with nearly 1200 feet of frontage on Route 30.
    • Located in an established industrial park with prominent tenants including American Cementing, Case Farms, Ziegler Tire, and Shearer's Foods.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Massillon
    County
    Stark
    State
    Ohio
    Longitude
    -81.5047772
    Latitude
    40.8171314

    Nearby Similar for Sale

    • $449,900
      7,194 SF

      Updated Quadplex on 2.5 Acres

      Updated Massillon quadplex on 2.5 acres with income potential.
      8983 Beatty St NW, Massillon, OH 44646
      View Details
    • New
      $259,900
      2,608 SF

      Massillon Duplex on Corner Lot

      Duplex on corner lot with updated units and garages.
      1116 Genoa Ave NW, Massillon, OH 44646
      View Details
    • Contact for pricing
      Pending

      Historic Massillon Duplex with Garage

      Historic duplex on .21 acres with two-car garage.
      415 4Th St NE, Massillon, OH 44646
      View Details
    • New
      $144,900
      2,048 SF

      Massillon Duplex Investment Opportunity

      Well-maintained duplex in Massillon with strong rental income potential.
      705-707 Seneca St NE, Massillon, OH 44646
      View Details
    • $334,900
      1,536 SF

      Massillon Multi-Family Investment Opportunity

      Two homes on one acre, fully rented for reliable income.
      8242-8244 Navarre Rd SW, Massillon, OH 44646
      View Details
    • $119,900
      1,926 SF

      Income-Producing Duplex in Massillon, OH

      Two-unit property with strong rental history and separate utilities.
      504 5Th St SW, Massillon, OH 44647
      View Details
    • $325,000
      1.55 Acres

      Restaurant/Bar Opportunity with Real Estate

      Established restaurant/bar with real estate, equipment, and liquor license.
      1911 Erie Ave NW, Massillon, OH 44646
      View Details
    • Contact for pricing

      Massillon Industrial Facility For Sale

      633,415 SF multi-tenant industrial facility with immediate income.
      Massillon, OH 44662
      View Details
    • $875,000

      Landmark Restaurant & Building For Sale

      Thriving restaurant business and building in prime Massillon location.
      37 1St St Sw, Massillon, OH 44646
      View Details
    • $1,147,700

      Historic Downtown Massillon Investment Opportunity

      Historic building with income, development potential in Downtown Massillon.
      11 Lincoln Way W, Massillon, OH 44647
      View Details
    • $1,999,000
      105,716 SF

      Massillon Industrial Facility with Cranes

      105,716 SF industrial building on 9.8 acres.
      1845 Harsh Ave Se, Massillon, OH 44646
      View Details
    • Contact for pricing
      23,172 SF

      Class A Office Building Space

      Shell space in downtown Massillon with modern amenities.
      50 North Ave NE, Massillon, OH 44646
      View Details

    FAQs

    What type of property is this?
    Land - Prime 2.34-26.6 acre industrial site. Highway frontage, excellent location.
    Where is this land located?
    The property is located at 7972 Cinncinnat St Massillon, OH.
    What is the asking price?
    The asking price for this property is $1,040,000.
    What are key features of this property?
    This property features: $1,040,000 asking price for industrial land.; 2.34 to 26.6 acres available, I-2 General Industrial zoning.; Land value: $40,000 to $42,500 per acre.
    Request Owner's contact information
    7972 Cinncinnat St Massillon, OH 44646
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7972 Cinncinnat St
    Massillon, OH 44646
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7972 Cinncinnat St Massillon, OH 44646
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Dan Spring, Sior
    Dan Spring, Sior
    Real Estate License ID: BRK.2001013773
    Learn more
    Google sign-in failed. Please try again or use another login method.